Search found 1399 matches

by TravelforFun
Thu Sep 20, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10200

Re: Age in Bonds - Still Recommended?

I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock regardless of the %. TravelforFun You are just expressing it in a different way. If using the 4% rule, roughly you'd have 25 ...
by TravelforFun
Thu Sep 20, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2815
Views: 561160

Re: What's Your Credit Card Rewards Strategy?

I don't have time to mess around with too many credit cards or manufacturing spending. Nowadays I just concentrate on Southwest Visa cards to maintain my Companion Pass which allows my wife to fly with me for free when I fly on Southwest.

TravelforFun
by TravelforFun
Wed Sep 19, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3708

Re: Reverse Mortgages - Pros, Cons

If I didn't have kids or grandkids, I would definitely look into a reverse mortgage, the type that would pay me a stream of monthly payments until both of us pass. I would also take all my money and buy a deferred annuity to create another income stream. Add the third income stream called social sec...
by TravelforFun
Wed Sep 19, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7054

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

OP, You would have to be crazy to believe that paying 20% to 30% tax in order to save 4.75% interest is a good idea. It is a very simple math. 20% to 30% is bigger than 4.75%. KlangFool Not that simple. The 20% to 30% is not tax savings. You're just deferring it until later when you're forced to wi...
by TravelforFun
Wed Sep 19, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 211
Views: 14161

Re: What is your single most expensive mistake?

gator15 wrote:
Wed Sep 19, 2018 4:53 am
Pretty sure I’m making the single biggest mistake of my life right now. Only time will tell.
What did you do?
by TravelforFun
Tue Sep 18, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 211
Views: 14161

Re: What is your single most expensive mistake?

Took out all the money from my 401K when I changed job to buy a Mercedes. I was 30.

TravelforFun
by TravelforFun
Tue Sep 18, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4426

Re: Bonds. Why? (vs. cds)

Although I have some taxable CDs at Ally, I don't understand how I can buy CDs in my Fidelity IRA. I might prefer CDs, but if the choice is between a taxable CD and a deferred bond fund, I will go with the bond fund. Can someone help me with the mechanics of how to, say, buy $10,000, 2-year CD but ...
by TravelforFun
Tue Sep 18, 2018 7:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 94
Views: 11339

Re: Roll Call for the Retirement Class of 2019!

On the Q of whether one is retired or not, she decreed that the Roll Call is self-reporting - that is if you feel that you have punched out and are retired - then by golly, you are retired :D even though you may be engaged in other activities or hobbies or working part-time, pay or no pay. What? Wo...
by TravelforFun
Tue Sep 18, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: How much to spend on rent (balancing savings) - VHCOL area
Replies: 11
Views: 827

Re: How much to spend on rent (balancing savings) - VHCOL area

OP, not answering your question but why would it take you over a year to pay off your $80K student loan making almost half a million a year?

TravelforFun
by TravelforFun
Mon Sep 17, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another SS question - filing sequence
Replies: 3
Views: 455

Re: Yet another SS question - filing sequence

OP, JoeRetire provided you the answers. I went through what you described just a few months ago and the online filing process was very smooth. Here is my post on that.

viewtopic.php?f=2&t=247604

TravelforFun
by TravelforFun
Fri Sep 14, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10200

Re: Age in Bonds - Still Recommended?

So if you use the 4% rule then 60/40. 3% rule 70/30. We keep 15 years of living expenses in FI and use the 4% rule so 40/60. I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock ...
by TravelforFun
Fri Sep 14, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Need burner phone for wife traveling in Italy
Replies: 24
Views: 1879

Re: Need burner phone for wife traveling in Italy

I rent a TEP hotspot when I go overseas. $9 a day and 5 devices can connect to it so may be she can get some of her friends to share . I have AT&T and they charge $10 a day for international plan.

TravelforFun
by TravelforFun
Fri Sep 14, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Stereo receiver amp without aux plug or bluetooth ?
Replies: 23
Views: 1561

Re: Stereo receiver amp without aux plug or bluetooth ?

Look into getting an adapter.

TravelforFun
by TravelforFun
Fri Sep 14, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 10200

Re: Age in Bonds - Still Recommended?

I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock regardless of the %.

TravelforFun
by TravelforFun
Thu Sep 13, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5353

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

- Keep a copy of all your work records if your company allows you to - Update your resume, and LinkedIn account or create one if you haven't - Do you or family members have medical, dental, vision procedure that you have planned on doing but haven't? Now may be the time - Work your network and let p...
by TravelforFun
Wed Sep 12, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7401

Re: Argument for taking social security before 70. Comments?

'YMMV' is exactly true. In my case, my wife is 62 and I'm 66 and the significantly higher income earner. All the calculators and my own spreadsheet show my wife should claim her benefits at 62, I should claim my spousal benefits at 66, then I would claim my own benefits at 70 and she would switch to...
by TravelforFun
Wed Sep 12, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Avoiding creeping complexity
Replies: 14
Views: 1428

Re: Avoiding creeping complexity

People have different levels of complexity tolerance. I have stocks, bonds, mutual funds, ETFs, savings, etc.. and I enjoy keeping track of them on large spreadsheets with linked tabs. Over my investing years, my portfolio has done better than the SP500 but this may not have anything to do with havi...
by TravelforFun
Wed Sep 12, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2844

Re: Do you use social media to enhance your travel experience?

My questions to other people who like to or plan to travel a lot: (1) How do you feel about your travel experience AFTER the travels? (2) Do you use social media, such as Facebook, Instagram, or writing blogs, to enhance (and share) your travel experience? (3) Do you think sharing your travel exper...
by TravelforFun
Tue Sep 11, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your medical expenses for future HSA withdrawals?
Replies: 3
Views: 379

Re: How do you track your medical expenses for future HSA withdrawals?

I keep a PDF copy of my insurance company statements that show how much I have to pay for each event. In their end, they may not necessary because long term care expenses will eat up my HSA account

TravelforFun
by TravelforFun
Mon Sep 10, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Roth Conversion vs. tax-bracketed
Replies: 13
Views: 1012

Re: Lump Sum Roth Conversion vs. tax-bracketed

I use TurboTax to run different scensrios then decide on the amount fairly quickly. I do this once a year in January.

TravelforFun
by TravelforFun
Fri Sep 07, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Large Family Trip - Florida or Carribean
Replies: 24
Views: 1708

Re: Large Family Trip - Florida or Carribean

When we take our kids and grandkids on our annual vacation, we always go to an all-inclusive resort or on a cruise. We dont want to cook, clean, or make dinner reservation every night.

TravelforFun
by TravelforFun
Mon Sep 03, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: Neighbor Fencing question
Replies: 50
Views: 3924

Re: Neighbor Fencing question

To me the neighbor ought to replace the damaged section of the fence at his own cost because his tree damaged it but it may not be worthwhile to argue.

TravelforFun
by TravelforFun
Mon Sep 03, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Retirees who went before me: Does a glidepath really work
Replies: 24
Views: 3158

Re: Retirees who went before me: Does a glidepath really work

Semi-retired here. I have no fixed AA and will not be on any glide path when I fully retire which should be anytime between 1 and 3.5 years. I keep 10 years worth of expenses in CDs, bonds, and money market (low-risk money). When I retire, I plan on withdrawing this money to live on when the market ...
by TravelforFun
Mon Sep 03, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: The future of my journals and logs
Replies: 45
Views: 4148

Re: The future of my journals and logs

I keep a blog of all my travels which we do extensively. I do this as a 'pay it forward' gesture since I've benefited from other people's experiences and want to provide information which might help other travellers. The blog counter tells me thousands of people have visited my commercial-free blog ...
by TravelforFun
Sun Sep 02, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Rental properties - Sell at a loss or hold on?
Replies: 14
Views: 1527

Re: Rental properties - Sell at a loss or hold on?

Apply the Dave Ramsey test on situation like this. If you didn't have the properties, would you buy them? If you wouldn't then you don't believe these properties make a sound investment so why hang on to them?

TravelforFun
by TravelforFun
Sun Sep 02, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Stocks in a 401k is a bad idea, right?
Replies: 43
Views: 5533

Re: Stocks in a 401k is a bad idea, right?

People shouln't have the same AA in all their investment accounts. I have Roth, HSA, taxable, IRA, and 401K account. My first three accounts contain 100% individual and stock mutual funds, and all my bonds, CD, and money market along with other equities are in my last two accounts.

TravelforFun
by TravelforFun
Sat Sep 01, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Quick question about allocation between tax and tax-deffered accounts
Replies: 4
Views: 274

Re: Quick question about allocation between tax and tax-deffered accounts

My Roth and HSA accounts are 100% stock because their growth is tax free.

TravelforFun
by TravelforFun
Sat Sep 01, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29261

Re: Umbrella insurance..who has it? Is it recommended?

I've had it for quite a while. Never had a claim so I don't know how useful it is.

TravelforFun
by TravelforFun
Sat Sep 01, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: So who's rebalancing stocks to bonds right now?
Replies: 38
Views: 4568

Re: So who's rebalancing stocks to bonds right now?

HomerJ wrote:
Sat Sep 01, 2018 11:47 am
But selling stocks to lock in some gains, that's FUN.
Not an easy thing to do. I can't convince myself to sell some of my AMZN shares right now.

TravelforFun
by TravelforFun
Sat Sep 01, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out roth?
Replies: 11
Views: 1599

Re: What to do after maxing out roth?

Roth IRA growth is tax free so you might want that account to be as aggressive as possible. My Roth is 100% equity and I have enough bonds, CD, money market, etc... in my IRA and 401K to achieve my asset allocation. Whether you should invest in IRA or Roth IRA is entirely dependant on your tax rate ...
by TravelforFun
Sat Sep 01, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Quick tax question
Replies: 18
Views: 1918

Re: Quick tax question

Don't forget to open a Roth IRA and put $3,000 in it for her or add $3,000 to her existing Roth account. She'll thank you for your foresight later.

TravelforFun
by TravelforFun
Tue Aug 28, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3335

Re: high RMD withdraw from 401k question

You will probably be in the 24% tax bracket from RMD on. What's your bracket now? I would withdraw from my tax deferred accounts an amount enough to fill up 12% or even 22% bracket every year between now and RMD.

TravelforFun
by TravelforFun
Tue Aug 28, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11850

Re: How do you 7 figure guys organize multiple accounts?

Brokerage house statements don't give me what I want so I use a spreadsheet to track all my investments. I pull live quotes from Yahoo Finance so updating my spreadsheet is a piece of cake.

TravelforFun
by TravelforFun
Tue Aug 28, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11268

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Misunderstood concepts?

- 401k loans are bad.
- You pay taxes twice when you take out a 401k loan.

TravelforFun
by TravelforFun
Mon Aug 27, 2018 12:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 284
Views: 39813

Re: Roll Call for the Retirement Class of 2018!

AlphaLess wrote:
Sun Aug 26, 2018 8:59 pm
Congrats!

What's the golden number?
I know some people like to express it as 25x or 32x or something like that, and others like to express it as 4%, 3.7%, or 2.8%.
3% for us and our kids appreciate that.

TravelforFun
by TravelforFun
Mon Aug 27, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10619

Re: Take auto loan 0.9% if I can afford cash?

mega317 wrote:
Sun Aug 26, 2018 10:54 pm
Does taking a cheap loan and putting the money somewhere with guaranteed higher return even count as leverage?
Leverage involves risks. If someone loaned me $50k at 0.9% APR for three years and I put that money on a three-year 3.0% CD, there is no risk whatsoever.

TravelforFun
by TravelforFun
Sun Aug 26, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9047

Re: The first million is the hardest?

villars wrote:
Sun Aug 26, 2018 5:48 pm
I have found a small downside to having accumulated a significant amount. When market gyrations dwarf your contributions it is harder to maintain the discipline to save.
Market gyrations wouldn't affect your contribution if it's set on auto.

TravelforFun
by TravelforFun
Sun Aug 26, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3694
Views: 1058281

Re: What Movie Have You Recently Watched?

'Crazy Rich Asians'. I can see why they're making a sequel.

TravelforFun
by TravelforFun
Sun Aug 26, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership
Replies: 35
Views: 3273

Re: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership

YMMV but for us, we own two cars, one sedan and one SUV, we keep our cars at least 10 years so we buy a new one every 5 years. The last few cars we'd purchased have been Lexus. Don't know whether this arrangement is fiscally prudent but we're happy with it.

TravelforFun
by TravelforFun
Sun Aug 26, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9047

Re: The first million is the hardest?

It took me 33 years and 7 years to reach the first and second million, respectively, and I don't include my paid off home value in those numbers. We're a family of five with a single income so it can be done.

TravelforFun
by TravelforFun
Sun Aug 26, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6644

Re: How do you calculate net worth with pensions?

Pension is an income and shouldn't be counted as net worth but it should reduce the size of your net worth needed for retirement. A person who needs $60k a year to live on would need a $2 million portfolio based on a 3% SWR but if that person has a $30k a year pension, his portfolio would only need ...
by TravelforFun
Sun Aug 26, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13403

Re: 2000-2018 retirement - sequence of returns

Original post ignores the fact that people will adjust their spending based on the growth of lack of growth in their portfolios. Also, people who start withdrawing from their portfolio before SS benefits kick in can reduce their portfolio withdrawal significantly after SS. Finally, all the calculati...
by TravelforFun
Thu Aug 16, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7196

Re: Using ACA for early retirement years

Health insurance is what drives my retirement timing. Two years ago, I started working part time because my employer allowed me to keep insurance for me and my wife if I can work three days a week and that's what I've been doing. I'm 66 and eligible for Medicare but my wife is 62.5 and not. I will w...
by TravelforFun
Thu Aug 16, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 46
Views: 3148

Re: Celebrating the day you retired

Sheepdog wrote:
Thu Aug 16, 2018 10:19 am
Faith20879 wrote:
Thu Aug 16, 2018 9:44 am
Classic! Sheepdog brings us some of the best stories on this board, always.
Thanks for the very kind words. God Bless.
Jim
I'm surprised Mr. Wood's company didn't throw him a big party and present him a big old gold watch.

TravelforFun
by TravelforFun
Thu Aug 16, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Spreadsheet Question
Replies: 10
Views: 996

Re: Spreadsheet Question

Have you added money to the account after the initial deposit? If you haven't the calculation is simple; if you have, it's more complicated especially if you've added money irregularly and in different amounts. In this case, set up your spreadsheet with columns for date, deposit amount, interest amo...
by TravelforFun
Wed Aug 15, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10619

Re: Take auto loan 0.9% if I can afford cash?

I'd take the loan because I don't have money sitting around earning less than 0.9%.

TravelforFun
by TravelforFun
Sun Aug 12, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4634

Re: How to have “what if” discussion with retired parents?

If your dad doesn't want to share information with your mom, I'd say we got a big problem here. How do we know he's not broke? I think your mom and the kids need to have a family meeting with your dad ASAP.

TravelforFun
by TravelforFun
Sun Aug 12, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: 401K loan vs taxable vs Roth IRA
Replies: 10
Views: 579

Re: 401K loan vs taxable vs Roth IRA

Hi. We are planning to buy a house in next 6 months. Downpayment money is in cash. In case we need to come up with extra cash, which one will be a better option: 1. Taxable account- will be paying 20% LTC gain tax. 2. Roth IRA- can withdraw contributions but won’t be able to put it back. 3. 401K lo...
by TravelforFun
Sun Aug 12, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Best HSA for "dormancy" account
Replies: 6
Views: 531

Re: Best HSA for "dormancy" account

Alright, another best HSA topic, but this is for the case of dormant account. No longer eligible for HSA contribution after a job change. I do have a sizable account with OptumBank, all in a single fund (Vanguard Total Stock). It was free of fees for employees, but $3/month for ex-employees. And th...
by TravelforFun
Sun Aug 12, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2567

Re: RMD's: take distributions vs selling

Now that I am in the RMD phase, is there any advantage to simply stopping reinvestments to accumulate cash for withdrawal vs selling a position at one time for withdrawal? You're required to withdraw a certain amount by RMD, if you need more than the withdrawal to live on then, yes I would stop the...